Competition regulator

(Redirected from Competition Council)

A competition regulator is the institution that oversees the functioning of markets. It identifies and corrects practices causing market impediments and distortions through competition law (also known as antitrust law).[1] In general it is a government agency, typically a statutory authority, sometimes called an economic regulator, that regulates and enforces competition laws and may sometimes also enforce consumer protection laws. In addition to such agencies, there is often another body responsible for formulating competition policy.

Many nations implement competition laws, and there is general agreement on acceptable standards of behaviour. The degree to which countries enforce their competition policy varies substantially.

Competition regulators may also regulate certain aspects of mergers and acquisitions and business alliances and regulate or prohibit cartels and monopolies. Other government agencies may have responsibilities in relation to aspects of competition law that affect companies (e.g., the registrar of companies).

Regulators may form supranational or international alliances like the ECN (European Competition Network), the ICN (International Competition Network), and the OECD (Organisation for Economic Co-operation and Development).

List of trade blocs and multinational regulators edit

Flag Trade bloc Regulating organization ECA ICN OECD Website Language
  Communidad Andina (Andean Community of Nations)     [1] Spanish
  European Union /European Economic Area European CommissionDirectorate-General for Competition     [2] See: Official languages of the European Union
European Economic Area: Iceland, Norway, Liechtenstein (EFTA members) EFTA Surveillance Authority     [3] English

List of national regulators edit

Flag Country Name ECA ICN OECD Website Language
  Albania Competition Authority (Albania)     [4] English
  Algeria The Algerian National Competition Council   [5] Arabic, French
  Argentina Comision Nacional de Defensa de la Competencia   [6] Spanish
  Armenia State Commission for the Protection of Economic Competition of Armenia   [7] English
  Australia Australian Competition & Consumer Commission     [8] [9] English
  Austria Wettbewerbsbehörde im BMwA       [10] English
  Barbados Fair Trading Commission   [11] English
  Belgium Raad voor de Mededinging/Conseil de la concurrence       [12] French/Dutch
  Brazil Administrative Council for Economic Defense   [13] Portuguese
  Bulgaria Commission for Protection of Competition       [14] Archived August 19, 2014, at the Wayback Machine Bulgarian/English
  Canada Competition Bureau/Bureau de la concurrence     [15], [16] English/French
  Chile Tribunal de Defensa de la Libre Competencia -National Economic Prosecutor's Office     [17] Spanish
  China State Administration for Market Regulation [18] Chinese
  Colombia Superintendency of Industry and Commerce     [19] Archived April 22, 2018, at the Wayback Machine Spanish
  Croatia Croatian Competition Agency     [20] English
  Curaçao Fair Trade Authority Curaçao X [@] English, Dutch, Papiamentu
  Cyprus Commission for the Protection of Competition     [21] English
  Czech Republic Office for the Protection of Competition       [22] English
  Denmark Konkurrencestyrelsen       [23] English
  El Salvador Superintendencia de Competencia   [24] Spanish
  Estonia Konkurentsiamet     [25]
  Finland Finnish Competition and Consumer Authority (Kilpailuvirasto)       [26] English
  France Autorité de la concurrence       [27] French
  Georgia Competition Agency   [28] Georgian, English, Russian
  Germany Bundeskartellamt       [29] German
  Greece Hellenic Competition Commission       [30] English
  Hong Kong Competition Commission     [31] Cantonese/English
  Hungary Office of Economic Competition (Gazdasági Versenyhivatal)       [32] English
  India Competition Commission of India   [33] English
  Indonesia Commission for Supervision of Business Competition, (Komisi Pengawas Persaingan Usaha),   [34] English
  Ireland Competition and Consumer Protection Commission     [35] English
  Iceland Icelandic Competition Authority       [36] English
  Israel Israel Anti-trust Authority     [37] English
  Italy Autorità Garante della Concorrenza e del Mercato (AGCM)       [38] English
  Japan Japan Fair Trade Commission (JFTC)   [39] English
  Jersey Jersey Competition Regulatory Authority, (JCRA),     [40] English
  Jordan Competition Directorate at the Ministry of Industry and Trade   [41] English
  Kazakhstan Agency of the Republic of Kazakhstan for regulation of natural monopolies and Agency of the Republic of Kazakhstan for Competition Protection (Antimonopoly Agency)   [42] [43] English
  Kenya Monopolies and Prices Commission of Kenya   [44] English
  Kosovo Kosovo Competition Commission [45] English, Albanian, Serbian
  Latvia Competition Council of Latvia     [46] English
  Liechtenstein Office of National Economy (Amt für Volkswirtschaft)   [47] German
  Lithuania Competition Council     [48] Archived January 18, 2006, at the Wayback Machine English
  Luxembourg Conseil de la concurrence - Inspection de la Concurrence       [49] French
  Malaysia Malaysia Competition Commission   [50] English
  Malta Malta Competition and Consumer Affairs Authority    
  Mexico Mexican Federal Competition Commission     [51] English
  Republic of Moldova Consiliul Concurenței (Competition Council)       [52] English
  Netherlands Autoriteit Consument & Markt       [53] English
  New Zealand Ministry of Commerce: Competition and Enterprise Branch and New Zealand Commerce Commission     [54] English
  Nigeria Federal Competition and Consumer Protection Commission [55] English
  North Macedonia Commission for Protection of Competition [56] English
  Norway Konkurransetilsynet       [57] English
  Pakistan Competition Commission of Pakistan   [58] Urdu
  Peru Free Competition Commission   [59] Spanish
  Philippines Philippine Competition Commission [60] English
  Poland Office for Competition and Consumer Protection       [61] English
  Portugal Autoridade da Concorrência       [62] English, Portuguese
  Romania Consiliul Concurenței (Competition Council)       [63] Archived October 25, 2008, at the Wayback Machine English
  Russia Federal Antimonopoly Service of Russia   [64] Archived February 10, 2020, at the Wayback Machine English
  Singapore Competition and Consumer Commission of Singapore     [65] English
  Slovakia Antimonopoly Office     [66] English
  Slovenia Slovenian Competition Protection Agency     [67] English
  South Africa Competition Commission, South African Competition Tribunal   [68] [69] English
  South Korea Fair Trade Commission     [70] English
  Spain Comisión Nacional de la Competencia (CNC) before September 2007 Tribunal de Defensa de la Competencia (TDC)       [71] Spanish
  Sweden Konkurrensverket       [72] English
  Switzerland The Competition Council and Competition Commission (COMCO)     [73] German, French, Italian
  Taiwan Fair Trade Commission   [74] English
  Thailand Trade Competition Commission [75]
  Turkey Rekabet Kurumu     [76] English
  Ukraine Anti-Monopoly Committee   [77] English
  United Kingdom Competition and Markets Authority       [78] English
  United States Federal Trade Commission & United States Department of Justice Antitrust Division     [79] [80] English
  Venezuela Pro-Competencia   [81] Spanish

See also edit

References edit

  1. ^ "Competition Law Basics" (PDF). Competition Commission of India. p. 6.

External links edit